Ok, so here's the situation.
I have approximately 100 acres of land that's part of a family farm I've inherited. About half of that is open pasture.
I have no interest in selling, but also have no interest in actively farming it - I've got a full time job that pays better, is steadier and is in general enough to keep me busy.
At the same time, I hate to see land going unused and things deteriorating. This was the family farm for a few generations - but hasn't actively been farmed in a solid decade. Fences are now in need of replacement - barn is still solid though - and the remaining half the land is woods with plenty to offer for firewood and fence post to someone able to work it.
My plan is working with the right person to clean up some things, working the woods in exchange for part of the post and then hiring out someone to install fence with goal of renting out pasture next spring.
My question is, what's going rate on pasture ground these days. I understand it varies regionally - but with beef being the primary livestock locally - I'm expecting that's where the most interest would lie. Might do some smaller sections around barn in woven wire for horses - then larger lots on barbed wire for cattle spring through fall.
Not looking to "profit" from this venture, and really not expecting to. Property tax/insurance are the same if I grow anything or let it sit untouched. The only cost I'd have is the fence and is I can source post cheap enough - could save some $$ there. At the same time - if I lay out cash for labor/materials - I reasonably need to see a return of my investment within 5-8 years I think to make it worthwhile.
Assuming 20k to fence it all, that's 3-5k a year. And I'm worried 20k may be low. 50 acres for 5k sound reasonable? Figured fence is good for 10 years minimum - and if lessor allows me to put a couple of head in myself for personal beef and maintain fence, it's a win-win. Again - horse owners would probably pay more...but cost of fencing is going to be higher.